Bermudian-based Aeolus Capital Management Ltd has announced that Andy Richardson is to be appointed as a portfolio manager with the company.

Aeolus said the appointment is subject to Bermuda immigration approval and after Mr Richardson fulfills his obligations with Lancashire Insurance Company Ltd, where he is currently head of property treaty.

Prior to joining Lancashire, Aeolus said Mr Richardson was a broker at Guy Carpenter where he worked in the United Kingdom, Japan, China and New York.

Andrew Bernstein, chief executive officer and managing partner of Aeolus, said: “We are excited to have Andy join the team at Aeolus. He brings a unique and complementary skill set to our portfolio management team and further enhances our capabilities to provide best-in-class service to our reinsurance trading partners.”